Scott Shanks, SIOR and fellow NAI Alliance Office Property Group partners Dominic Brunetti, CCIM, and Chase Whittemore, MS have secured extensions on exclusive lease listings for two properties. NAI Alliance will be representing the owners in both agreements.
- 980 Sandhill – a 36,00+ square foot building with just over 10,000 square feet available
- Sparks Plaza located at 780 Vista – a multi-tenant complex with just over 15,000 square feet available
To read the entire releases, visit the NAI Alliance Press Release page.
The NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR and Chase Whittemore, MS have recently closed three new deals.
- California Broadband Cooperative leased nearly 600 square feet of space at 200 S. Virginia. Chase Whittemore, MS, represented the landlord Basin Street Properties. The California Broadband Cooperative’s Digital 395 Middle Mile project proposes to build a new 553-mile, 10 Gbps middle-mile fiber network that would follow U.S. Route 395 between southern and northern California.
- Dominic Brunetti, SVP/Principal, closed the sale of an office building at 401 Flint Street. Mr. Brunetti represented the buyer in the transaction. The property at 401 Flint Street is 3,716 square feet in two buildings.
- And finally, Immunize Nevada leased 1,600 square feet of office space at 427 Ridge Street. In this transaction, Chase Whittemore, MS, represented both the tenant and the landlord.
To read the entire releases, please visit the NAI Alliance Press Release Page.
Dominic Brunetti, CCIM Closes Lease Transaction at 9600 Prototype Court in Reno, Nevada
Argonaut Gold is growing and expanding into a 4,600 square foot building located at 9600 Prototype Court in Reno, Nevada. Previously they occupied a 3,682 square foot building. In this lease transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR and Chase Whittemore, MS, represented the landlord Liberty Meadows, LLC.
NAI Alliance is proud to announce that Industrial Brokers Dan Oster, Dave Simonsen, J. Michael Hoeck, and Michael Nevis have obtained the exclusive listing agreement for the industrial flex facility located at 4865 Joule Street in Reno. The building is located on Joule Street just off of Rock Blvd. east of the Reno-Tahoe International Airport. The space available is 6,200± sq. ft. with a bonus mezzanine area and is both for sale and for lease. This space is great for a contractor’s office and has great improvements. For more information contact The Industrial Team at NAI Alliance at 775-336-4600.
The Northern Nevada economic
climate is showing signs of improvement, perhaps indicating that the
retail vacancy rates may have peaked. The current overall vacancy level
in Reno/Sparks declined to 17.99% from the previous quarter of 18.52%
and 18.60% from the previous year.
The
anchor space vacancy is currently at 14.88%. In-Line shops have
decreased in vacancy from 23.07% last quarter to 22.62% this quarter.
Total net absorption for this quarter was 16,779 square feet. The total
gross absorption was 117,700 square feet for this quarter.
Click here to read the entire report.
Driven by California’s outrageous Prop 30, which
retroactively raised state income taxes on many individuals in the
Golden State, growth in the first quarter of 2013 was more than
noticeable. New companies like Rogue Gaming continue to enhance our
Downtown economy. Call center and data center activity has remained
strong throughout the market. Henry Schein stayed in the market signing a
new lease for 75,000 square feet, adding to the proof that Reno is a
great small market call center location.
Also
new, is San Francisco based Bookkeeper Zoo. The mobile bookkeeping
startup opened their national service and data center in South Meadows.
This continued level of activity will certainly create more momentum for
the Reno Tahoe area as regional companies realize they can take
advantage of our competitive taxes, real estate prices, and labor pool.
To read the entire NAI Alliance Q1 2013 Office Market Report, click here.
Broadbent & Associates Inc. leased 10,083 square feet of office and warehouse space at 5450 Louie Lane, Suite 101 in Reno, Nevada. In this lease transaction NAI Alliance represented both parties. Scott Shanks, SIOR of the NAI Office Properties Group represented the tenant Broadbent & Associates Inc. and, Dave Simonson, SIOR, CCIM of the Industrial Properties team represented the landlord, J & S Erlach Properties 50, LLC.
